The Wisehand bank announced a three-day lightning campaign, the application will run from today until Thursday. The financial institution offers a personal loan at a 6.9 percent interest rate. We looked at the terms, but we were also curious about how Wisehand bank’s “Just Now!” Loan performs compared to other credit products.

Only those who are really crazy can hit Wisehand bank’s new loan, “Now Only!” The financial institution can only apply for a personal loan with a very favorable interest rate today, Wednesday and Thursday, so we have to hurry to catch the offer.

 

Promise At A Great Interest Only Now!

loan interest

Let’s look at the characteristics of a personal loan:

You can apply for a loan of between $ 400,000 and $ 9,900,000

Possible maturity: 24 – 48 months

Agent interest: 6.9% – 13.9%

APR: 7.57% – 15.33%, depends on maturity, interest rate and loan amount

It can be seen that the transaction interest rate and APR are very favorable, but this is only possible if we require a loan amount of at least HUF 3,000,000 for a period of 60 months. In this case, the loan repayment installment is only HUF 59,262. The interest rate of the loan is fixed, so we do not have to fear interest rate risk. If, for example, $ 500,000 is enough for our goals over a 36-month term, the APR on the loan is 14.48 percent and the installment amount is $ 16,822.

 

What else to know about Wisehand bank’s loan

What else to know about Wisehand bank

Before making a decision, it is a good idea to be aware of the costs.

Only Now! the loan disbursement fee is 1 percent, that is, at a rate of HUF 3,000,000, a deduction of HUF 30,000 will be deducted from this amount.

Prepayment is free of charge if you make a payment for less than $ 200 per year. 1% of the prepaid amount is the fee if more than one year is left in the loan agreement, if less then 0.5%.

 

What do I need to apply for a promotional loan?

What do I need to apply for a promotional loan?

There are no special conditions for applying for a loan, just what we are used to in personal loans:

  • Over 20 years of age
  • Permanent address in Hungary with address card
  • Identity card, passport or card driver’s license
  • Proof of income not less than 30 days’ employment for at least 3 months
  • We are not on notice or on probation
  • tax Card
  • Home utility bills with proof of payment

 

How does Wisehand bank’s promotional loan compare to other products?

credit loan

The $ 3,000,000 loan for a 60-month term, without a transfer of income, is currently the cheapest available from Conidis . The low-cost loan is available with a APR of 6.9 percent, with a monthly installment of $ 58,967 off of a net income of $ 200,000. However, the latter income statement is not included in the Wisehand bank promotion, so we can only benefit from Conidis’s offer if we can justify such a net income.

The $ 500,000 36-month term without income transfer is currently available through Raizen Bank’s Autumn Promotion in the best structure: a 12.73% APR and a $ 16,358 monthly installment loan also require no income transfer and enough $ 100,000 verified monthly net income. Not far behind is the already known Conidis Fapados loan, with a 12.90 percent APR and a $ 16,654 installment. Only after these two offers will Wisehand bank’s lightning offer fit with a 14.48 percent APR.

 

The decision should not be rushed

financial loan

It can be seen that we can find a better deal on the market than Wisehand bank’s offer if we research and fulfill the conditions properly. While it may be a significant motivating force to urge people to borrow, we advise you to think carefully about each of these steps, the first step of which is to compare offers on the market. Let’s use the Clint Griff personal loan calculator and choose the loan that suits you best, so that you never hurt your decision later.